Aditya Birla Capital Limited (ABCL), a company under the Aditya Birla Group, announced on Monday the sale of its entire stake in Aditya Birla Insurance Brokers Limited (ABIBL), which is a non-material subsidiary of the...
Medi Assist to acquire Raksha Insurance TPA in expansion push
Health insurance third-party administrator Medi Assist is set to acquire 100% stake in Raksha Insurance TPA in what could be the largest deal in third-party administrator or TPA space, its CEO Satish Gidugu told ET. The...
Niva Bupa mulling minority stake sale at $2 billion valuation
India’s Niva Bupa Health Insurance Company is considering a minority stake sale at a valuation of $2 billion, Bloomberg News reported on Tuesday. The company is a joint venture between British United Provident...
Billionaire Uday Kotak’s Kotak Mahindra Bank weighs insurance unit stake sale, sources say
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with an adviser on...
Insurance-tech firm Roadzen to go public via $965 mln SPAC deal
Insurance tech firm Roadzen Inc has agreed to go public in the United States with a blank-check vehicle in a deal valued at about $965 million, the companies said on Monday. The deal with special purpose acquisition...
PE firms Bain, CVC Capital among those circling around Max Financial to buy out promoter Analjit Singh
Private equity funds Bain Capital and CVC Capital Partners are among those evaluating buying the promoter stake of in Max Financial Services Ltd (MFS) — the flagship listed company of serial entrepreneur Analjit...
Samara Cap leads race for Birla’s insurance biz
Amazon.com Inc.’s Indian private equity partner Samara Capital has emerged as the frontrunner to buy the insurance broking unit of Aditya Birla Capital Ltd, two people directly aware of the development said on the...
China’s Fosun appoints Deutsche Bank to sell Peak Re – sources
China’s Fosun International Ltd has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based reinsurance company Peak Re, four people with knowledge of the matter told Reuters. The...
Aditya Birla Capital, Nippon Life merger discussions fail
The merger discussion between Aditya Birla Capital and Japan-based Nippon Life has likely failed. It is said that Nippon Life who owns a 49% stake in Reliance Capital-backed life insurance venture, Reliance Nippon has...
ACRE offers to buy LIC’s Rs 3,400 crore Reliance Capital bonds
An Ares SSG Capital-backed asset reconstruction company (ARC) has given a binding offer to Life Insurance Corporation (LIC) to acquire its ₹3,400-crore Reliance Capital bonds, said two people aware of the development...
Niva Bupa and IDFC First Bank partner for bancassurance
Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company), has announced its corporate agency partnership with IDFC First Bank to provide best-in-class health insurance solutions...
Credit Agricole, AXA to bid this week for Banco BPM’s insurance deal – sources
France’s AXA and Credit Agricole are set to submit by the end of the week binding bids for an insurance deal with Italy’s Banco BPM after emerging as the lead contenders in the race, two people close to the...
